v3.25.3
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 597,056 $ 158,930
Current investment securities 97,189 208,591
Accounts receivable 3,883 5,881
Prepaid expenses 10,326 9,281
Other current assets and receivables 7,739 7,606
Total current assets 716,193 390,289
Non-current assets    
Property, plant and equipment, net of accumulated depreciation of $43.5 million as of September 30, 2025 and $31.7 million as of December 31, 2024 15,402 20,424
Other investments 29,972 27,464
Operating lease right-of-use assets 13,079 13,647
Intangible assets, net, including in-process research and development assets of $62.9 million as of September 30, 2025 and $55.6 million as of December 31, 2024 74,144 71,043
Goodwill 25,327 22,414
Deferred tax assets, net 8,772 9,856
Other non-current assets 5,493 1,399
Total non-current assets 172,189 166,247
Total assets 888,382 556,536
Current liabilities    
Accounts payable 6,228 7,227
Accrued expenses and other current liabilities 51,947 28,932
Liability related to pre-funded warrants 30,722  
Income taxes payable 7,821 293
Current portion of operating lease liabilities 3,914 3,601
Total current liabilities 100,632 40,053
Non-current liabilities    
Long-term debt 51,880 51,324
Liability from royalty financing agreement 465,507 434,930
Operating lease liabilities, net of current portion 10,361 11,136
Contingent consideration 17,754 10,860
Deferred tax liability, net 7,958 7,043
Other non-current liabilities, net of current portion 5,544 7,942
Total non-current liabilities 559,004 523,235
Total liabilities 659,636 563,288
Commitments and contingencies
Shareholders' equity / (deficit)    
Ordinary shares, €0.05 par value: 80,000,000 shares authorized as of September 30, 2025 and December 31, 2024 and 62,165,900 and 48,988,087 ordinary shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 3,678 2,945
Additional paid-in-capital 1,575,663 1,173,068
Accumulated other comprehensive loss (58,745) (52,800)
Accumulated deficit (1,291,850) (1,129,965)
Total shareholders' equity / (deficit) 228,746 (6,752)
Total liabilities and shareholders' equity / (deficit) $ 888,382 $ 556,536